2.3 Role of accounting functional areas/departments within  Quiz

2.3 Role of accounting functional areas/departments within Quiz

12th Grade

20 Qs

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2.3 Role of accounting functional areas/departments within  Quiz

2.3 Role of accounting functional areas/departments within Quiz

Assessment

Quiz

Financial Education

12th Grade

Practice Problem

Medium

Created by

Lenna Alexandre

Used 2+ times

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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which department is primarily responsible for preparing financial statements?

Financial Planning

Management Accounting

Financial Accounting

Payroll

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main focus of financial planning within an organisation?

Managing employee salaries

Preparing tax returns

Forecasting future financial performance

Maintaining financial records

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which functional area is responsible for ensuring employees are paid on time?

Budgeting

Management Accounting

Financial Systems

Payroll

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does management accounting primarily deal with?

External financial reporting

Internal financial analysis and decision making

Tax compliance

Employee benefits

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which department would handle the installation and maintenance of financial software?

Financial Accounting

Taxation

Financial Systems

Budgeting

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary purpose of budgeting within an organisation?

To manage tax liabilities

To plan and control financial resources

To process payroll

To prepare financial statements

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which functional area is responsible for calculating and reporting an organisation's tax obligations?

Financial Systems

Payroll

Taxation

Management Accounting

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